Allegro MicroSystems (ALGM) to Release Earnings on Thursday

Allegro MicroSystems (NASDAQ:ALGM) is anticipated to release its earnings data before the market opens on Thursday, January 30th. Analysts expect Allegro MicroSystems to post earnings of $0.06 per share and revenue of $176,450.00 billion for the quarter. Allegro MicroSystems has set its Q3 guidance at $0.04-0.08 EPS and its Q3 2025 guidance at 0.040-0.080 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Allegro MicroSystems (NASDAQ:ALGM) last released its earnings results on Thursday, October 31st. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $187.39 million during the quarter, compared to analysts’ expectations of $187.52 million. Allegro MicroSystems had a positive return on equity of 8.48% and a negative net margin of 2.96%. The company’s revenue was down 32.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.36 EPS.

Allegro MicroSystems Price Performance

ALGM stock opened at $23.23 on Tuesday. The stock has a 50-day moving average price of $22.44 and a two-hundred day moving average price of $22.88. The stock has a market cap of $4.27 billion, a PE ratio of -165.92 and a beta of 1.65. The company has a current ratio of 4.22, a quick ratio of 2.80 and a debt-to-equity ratio of 0.42. Allegro MicroSystems has a 1 year low of $18.59 and a 1 year high of $33.26.

Wall Street Analyst Weigh In

ALGM has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on shares of Allegro MicroSystems in a research note on Thursday, November 7th. They set an “equal weight” rating and a $21.00 price objective for the company. Loop Capital initiated coverage on shares of Allegro MicroSystems in a research note on Tuesday, November 12th. They set a “buy” rating and a $30.00 price objective for the company. Mizuho set a $26.00 price objective on shares of Allegro MicroSystems in a research note on Friday, October 18th. Wells Fargo & Company increased their price objective on shares of Allegro MicroSystems from $23.00 to $27.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. Finally, Barclays increased their price objective on shares of Allegro MicroSystems from $25.00 to $30.00 and gave the stock an “overweight” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $30.91.

Insider Activity at Allegro MicroSystems

In related news, SVP Michael Doogue purchased 15,000 shares of the stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of $19.00 per share, with a total value of $285,000.00. Following the acquisition, the senior vice president now directly owns 246,086 shares in the company, valued at $4,675,634. The trade was a 6.49 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is currently owned by company insiders.

Allegro MicroSystems Company Profile

Allegro MicroSystems, Inc, together with its subsidiaries, designs, develops, manufactures, and markets sensor integrated circuits (ICs) and application-specific analog power ICs for motion control and energy-efficient systems. Its products include magnetic sensor ICs, such as position, speed, and current sensor ICs; and power ICs comprising motor driver ICs, regulator and LED driver ICs, and isolated gate drivers.